A village or neighbourhood isn’t complete without a local convenience store or green grocers.

A grocery store can be a very profitable business to run, whether it’s independent or a franchise of bigger convenience brands. You’ll be at the centre of the community and have the opportunity to become friendly with your neighbours – whether they’ve run out of milk or need some fresh vegetables, you’ll be there to help.

Become a shopkeeper

Have you ever wondered, while walking to your nearest convenience shop, how much that shopkeeper earns? Convenience stores and local green grocers don’t have to work hard to attract customers – they have an instant customer base in the surrounding neighbourhood. Most people visit the corner shop at least a couple of times a week for groceries, magazines, newspapers, scratch cards, cigarettes or alcohol.

Being your own boss also has a number of perks. Choose your working hours, and see your hard work translate into profit margins. If you take a look at any of our convenience stores for sale you can get an idea of the annual turnover, which differs depending on location and goods offered.

A lot of convenience store properties also include self-contained residential flats or development opportunities. This can be a place for you and your family to live, or you could increase the earning potential by renting it out.

Buy local

Supermarkets may dominate the UK food market, but convenience stores also play a large part. £37.5bn of 2016’s grocery sales were bought in small convenience shops, and industry analysts predict this will rise by 11% in the coming years. Britons are expected to favour regular food top-ups from local shops rather than the “big shop” every week or fortnight at the large supermarket.

Recently there has been a big push to ‘buy local’ and support independent businesses in all sectors. Consumers are losing trust in big business – just look at the supermarket horsemeat scandal – and turning to small businesses for niche products and quality service.

Finance your convenience store

At Hilton Smythe, we want to help people achieve their ambitions of becoming a business owner – even when they seem out of reach. Lots of buyers require finance in order to buy a business, but that shouldn’t act as a barrier. Our financial services team can explain everything you need to know about the process of lending capital for business purposes. We’ll take you through the application step by step, to make sure your dream of owning a business becomes reality.

Get in touch to see how we can help you on the path to owning a convenience store. We have hundreds of green grocer stores for sale, so take a look at the commercial properties today.

Read some of our helpful guides and blogs

Blogs

Do you know your onions. Is fruit and veg your bag?

27th March 2018

Buying a ready-made greengrocery business means you can jump straight into the […]